loader  Loading... Please wait...

Question(s) / Instruction(s):

 

Joe Mauer Company had a cash balance of $10,014 in its checking account on April 30, 2010.

 

The bank statement showed a balance of $10,908.

 

In comparing the two statements, the bookkeeper noted the following.

 

1. Three checks, #456, #495, and #498, totaling $4,879, had not yet cleared the bank.

2. One deposit-in-transit for $1,040 had not yet been recorded by the bank. It was deposited at the end of the day on  September 30.

3. The bank charged a $20 monthly bank service fee.

4. One check from a customer was deposited on April 5, for $2,600. However, the check was returned “NSF” by the bank, along with a $25 check processing fee.

5. The bookkeeper made a debit card withdrawal for $300 on April 19, but failed to record it in the check book.

 

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$2.50

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494